Comments Off on JLN Financials: ECB would pledge to backstop markets after a Brexit; Zero Yields, the Fed and ‘Brexit,’ Oh My!; Investors hold biggest cash pile since 2001 as world gloom deepens

First Impressions Yesterday’s Most ClickedThe state of European bond yields garnered the most interest in the form of yesterday’s story from the WSJ, Why the European Bond Market Is on the Brink. Since then, the German 10-year did go sub-zero. The feeling that somebody is indeed watching you — yes, that’s a shout-out to the artist Rockwell, and no, not Norman — tied for second most clicks. That Financial News story, Banks open a new front in trading floor surveillance, noted that banks are increasingly using different tactics to monitor employees, from taking note of their mood in emails to…

Comments Off on JLN Financials: ECB would pledge to backstop markets after a Brexit; Zero Yields, the Fed and ‘Brexit,’ Oh My!; Investors hold biggest cash pile since 2001 as world gloom deepens

First Impressions Yesterday’s Most ClickedThe state of European bond yields garnered the most interest in the form of yesterday’s story from the WSJ, Why the European Bond Market Is on the Brink. Since then, the German 10-year did go sub-zero. The feeling that somebody is indeed watching you — yes, that’s a shout-out to the artist Rockwell, and no, not Norman — tied for second most clicks. That Financial News story, Banks open a new front in trading floor surveillance, noted that banks are increasingly using different tactics to monitor employees, from taking note of their mood in emails to…

Comments Off on JLN Financials: Why the European Bond Market Is on the Brink; Here’s a Short List of How The ECB Is Already Influencing the Corporate Bond Market; Goldman Sachs set for revealing Libya trial

First Impressions IDX RetrospectiveDepending on where you sit in the financial markets, the FIA’s IDX conference last week could be considered more of the same or a continuation of a new direction for the derivatives space. Those in the change camp will point to the obvious – Deutsche Boerse-London Stock Exchange Group deal, continued emergence of block chain and continued divergent strategies from the exchanges themselves. There are a few more subtle changes welling up in the sector – the continued rumblings and concerns by vendors and end users over the cost of fees from exchanges and regulators. There’s even…

Comments Off on JLN Financials: How a 143-Year-Old Swiss Bank Took a Quick Road to Ruin in Asia; Banks seek geeks for mutual advantage; Economics Struggles to Cope With Reality

First Impressions Open Access: Loss Leaders and Profiting from “Free”Doug Ashburn in London, JLN Editor’s Note: We included an incorrect link to the full story yesterday so in case you missed it here it is again: The most interesting tidbit from this year’s IDX was a seemingly offhand comment made by ICE CEO Jeff Sprecher at the exchange leaders panel. Regarding open access and clearing interoperability, which European regulators are pushing to maximize customer choice in execution and post-trade services, Sprecher said exchanges will be further incentivized to list each other’s products, with execution eventually becoming a loss leader for…

Comments Off on JLN Financials: How a 143-Year-Old Swiss Bank Took a Quick Road to Ruin in Asia; Banks seek geeks for mutual advantage; Economics Struggles to Cope With Reality

First Impressions Open Access: Loss Leaders and Profiting from “Free”Doug Ashburn in London, JLN Editor’s Note: We included an incorrect link to the full story yesterday so in case you missed it here it is again: The most interesting tidbit from this year’s IDX was a seemingly offhand comment made by ICE CEO Jeff Sprecher at the exchange leaders panel. Regarding open access and clearing interoperability, which European regulators are pushing to maximize customer choice in execution and post-trade services, Sprecher said exchanges will be further incentivized to list each other’s products, with execution eventually becoming a loss leader for…

Comments Off on JLN Financials: Debt traders miss credit default swaps as losses loom; Low interest rates and timid governments are trashing economic growth, warns OECD; Lisbon and Warsaw take on New York and London

First Impressions Open Access: Loss Leaders and Profiting from “Free”Doug Ashburn in London, JLN The most interesting tidbit from this year’s IDX was a seemingly offhand comment made by ICE CEO Jeff Sprecher at the exchange leaders panel. Regarding open access and clearing interoperability, which European regulators are pushing to maximize customer choice in execution and post-trade services, Sprecher said exchanges will be further incentivized to list each other’s products, with execution eventually becoming a loss leader for exchanges. He said “take the economics out of execution, then make it back elsewhere,” which simply means more fees for data, clearing,…

Comments Off on JLN Financials: Ending ‘Doom Loop’ Could Cost European Banks Billions in Capital; CSPP – The bull in the corporate china shop; The Lowest Yield Spread Since 2007

First Impressions Bill Herder Needs Help to Meet His Goal; Herder Hurdle Hinders Hopeful HelpBy John J. Lothian Bill Herder is going to need some last minute help for him to meet his online goal of £10K for his Kilt Challenge. The proceeds of the Kilt Challenge go to Futures for Kids, a worthy cause. Tonight at the Gala Dinner for IDX, Bill will be in his kilt and will pass on the challenge to a new person. Rumors are the first female kilt challenger will be named. While I am all for inclusiveness, a female kilt wearer ruins the…

Comments Off on JLN Financials: Ending ‘Doom Loop’ Could Cost European Banks Billions in Capital; CSPP – The bull in the corporate china shop; The Lowest Yield Spread Since 2007

First Impressions Bill Herder Needs Help to Meet His Goal; Herder Hurdle Hinders Hopeful HelpBy John J. Lothian Bill Herder is going to need some last minute help for him to meet his online goal of £10K for his Kilt Challenge. The proceeds of the Kilt Challenge go to Futures for Kids, a worthy cause. Tonight at the Gala Dinner for IDX, Bill will be in his kilt and will pass on the challenge to a new person. Rumors are the first female kilt challenger will be named. While I am all for inclusiveness, a female kilt wearer ruins the…

Comments Off on JLN Financials: European credit markets on edge as ECB poised to buy; Captain Yellen and Her Klingon Conundrum; U.S. regulators, FBI warn banks on cyber threat after Bangladesh heist

First Impressions FCM Outlook 2016: Brokers Finding New Fields Of GreenJLN StaffFutures Commission Merchants have not had an easy time of it in the years since the 2008 Financial Crisis and the subsequent regulatory and interest rate avalanche. For many firms, it’s been a perfect storm of financial crisis, low to no interest rates and volatility, and an ongoing crush of new rules and regulations from U.S. and European regulators. For some firms, the combination has been stifling, while others have shut down or sold out to other, stronger players. In January, the number of FCMs stood at around 60,…